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| S&P
CNX Nifty |
S&P
CNX Nifty is a well diversified 50 stock index accounting for 24 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds.
S&P CNX Nifty is owned and managed by India Index Services and Products
Ltd. (IISL), which is a joint
venture between NSE and CRISIL. IISL is India's first
specialised company focussed upon the index as a core
product. IISL have a consulting and licensing agreement
with Standard & Poor's (S&P), who are world
leaders in index services. |
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The average total traded value for the last six months of all Nifty stocks is approximately 58% of the traded value of all stocks on the NSE
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Nifty stocks represent about 60% of the total market capitalisation as on on March 31, 2005. |
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Impact cost of the S&P CNX Nifty for a portfolio
size of Rs.5 million is 0.07% |
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S&P CNX Nifty is professionally maintained
and is ideal for derivatives trading |
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List of S&P CNX NIFTY
stocks:Download
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| CNX
Nifty Junior |
The next
rung of liquid securities after S&P
CNX Nifty is the CNX Nifty Junior. It may be useful
to think of the S&P CNX Nifty and the CNX Nifty
Junior as making up the 100 most liquid stocks in India.
As with the S&P CNX Nifty, stocks in the CNX Nifty
Junior are filtered for liquidity, so they are the most
liquid of the stocks excluded from the S&P CNX Nifty.
The maintenance of the S&P CNX Nifty and the CNX
Nifty Junior are synchronised so that the two indexes
will always be disjoint sets; i.e. a stock will never
appear in both indexes at the same time. Hence it is
always meaningful to pool the S&P CNX Nifty and
the CNX Nifty Junior into a composite 100 stock index
or portfolio. |
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CNX Nifty Junior represents about 10% of the total market capitalisation as on March 31, 2005.
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The average traded value for the last six months of all Junior Nifty stocks is approximately 9% of the traded value of all stocks on the NSE |
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Impact cost for CNX Nifty Junior for a portfolio size of Rs.2.50 million is 0.15% |
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List of CNX NIFTY Junior stocks:
Download
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| CNX
100 |
CNX 100 is a diversified 100 stock index accounting for 35 sector of the economy.
CNX 100 is owned and managed by India Index Services & Products Ltd. (IISL). Which is a joint venture between CRISIL & NSE. IISL is India's first specialized company focused upon the index as a core products. IISL has a licensing & marketing agreement with Standard & Poor's (S&P), who are leader's in index services. |
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CNX 100 represents about 66.61 % of the total market capitalization as on April 10, 2007
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The average traded value for the last six months of all CNX100 stocks is approximately 56.02 % of the traded value of all stocks on the NSE |
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Impact cost for CNX 100 for a portfolio size of Rs. 8 million is 0.11% |
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List of CNX 100 stocks:
Download
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| S&P
CNX 500 |
The S&P
CNX 500 is India’s first broad-based benchmark
of the Indian capital market for comparing portfolio
returns vis-a-vis market returns. The S&P CNX 500
represents about 96% of total market capitalisation
and about 93% of the total turnover on the NSE.
The S&P CNX 500 companies are disaggregated into
72 industry indexes viz. S&P CNX Industry Indexes.
Industry weightages in the index reflect the industry
weightages in the market. For e.g. if the banking sector
has a 5% weightage in the universe of stocks traded
on NSE, banking stocks in the index would also have
an approx. representation of 5% in the index.
List of S&P CNX 500 stocks:
Download
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| CNX
Midcap * |
The medium capitalised segment of the stock market is being increasingly perceived as an attractive investment segment with high growth potential. The primary objective of the CNX Midcap Index is to capture the movement and be a benchmark of the midcap segment of the market. |
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Method of Computation
CNX Midcap is computed using market capitalisation weighted method, wherein the level of the index reflects the total market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, etc without affecting the index value.
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Base Date and Value The CNX Midcap Index has a base date of Jan 1, 2003 and a base value of 1000 |
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Criteria for Selection of Constituent StocksThe constituents and the criteria for the selection judge the effectiveness of the index. Selection of the index set is based on the following criteria :
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All the stocks, which constitute more than 5% market capitalization of the universe (after sorting the securities in descending order of market capitalization), shall be excluded in order to reduce the skewness in the weightages of the stocks in the universe.
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After step (a), the weightages of the remaining stocks in the universe is determined again. |
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After step (b), the cumulative weightage is calculated. |
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After step (c) companies which form part of the cumulative percentage in ascending order unto first 75 percent (i.e. upto to 74.99 percent) of the revised universe shall be ignored. |
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After, step (d), all the constituents of S&P CNX Nifty shall be ignored. |
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From the universe of companies remaining after step (e) i.e. 75th percent and above, first 100 companies in terms of highest market capitalization, shall constitute the CNX Midcap Index subject to fulfillment of the criteria mentioned below. |
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Trading Interest All constituents of the CNX Midcap Index must have a minimum listing record of 6 months. In addition, all candidates for the Index are also evaluated for trading interest, in terms of volumes and trading frequency. |
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Financial Performance All companies in the CNX Midcap Index have a minimum track record of three years of operations with a positive net worth. |
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Others A company which comes out with a IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period. |
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| List of CNX Midcap stocks:
Download
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| Nifty Midcap 50 |
The medium capitalized segment of the stock market is being increasingly perceived as an attractive investment segment with high growth potential. The primary objective of the Nifty Midcap 50 Index is to capture the movement of the midcap segment of the market. It can also be used for index-based derivatives trading. |
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Method of Computation
Nifty Midcap 50 is computed using market capitalisation weighted method, wherein the level of the index reflects the total market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, etc without affecting the index value.
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Base Date and Value The Nifty Midcap 50 Index has a base date of Jan 1, 2004 and a base value of 1000. |
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Criteria for Selection of Constituent StocksThe constituents and the criteria for the selection judge the effectiveness of the index. Selection of the index set is, inter alia, based on the following criteria:
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Stocks with average market capitalization ranging from Rs.1000 Crore to Rs.5000 Crore at the time of selection.
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Stocks which are not part of the derivatives segment are excluded. |
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Stocks which are forming part of the S&P CNX NIFTY index are excluded. |
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Other statistics:A company which comes out with a IPO will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 3 month period instead of a 6 month period.
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Nifty Midcap 50 stocks represent about 4.89 % of the total market capitalization as on August 31, 2007. |
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The average traded volume for the last six months of all Nifty Midcap 50 stocks is approximately 15.21 % of the traded volume of all stocks on the NSE. |
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| List of Nifty Midcap 50 Stocks:
Download
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| S&P
CNX Defty |
Almost
every institutional investor and off-shore fund enterprise
with an equity exposure in India would like to have
an instrument for measuring returns on their equity
investment in dollar terms. To facilitate this, a new
index the S&P CNX Defty-Dollar Denominated S&P
CNX Nifty has been developed.
S&P CNX Defty is S&P CNX Nifty, measured in
dollars. The S&P CNX Defty is calculated real-time.
When there is currency volatility, the S&P CNX Defty
is an ideal device for a foreign investor to know where
he stands, even intraday
Salient Features: |
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Performance indicator
to foreign institutional investors, off shore
funds, etc. |
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Provides an effective tool
for hedging Indian equity exposure. |
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Impact cost of the S&P CNX Nifty for a portfolio
size of Rs.5 million is 0.20% |
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Provides fund managers an instrument for measuring
returns on their equity investment in dollar terms.
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Calculation of S&P CNX Defty:
Computations are done using the
S&P CNX Nifty index calculated
on the NEAT trading system of NSE and end of previous
day Exchange Rate(US $-Re). |
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| S&P CNX Defty = |
S&P CNX Nifty
at time t x Exchange rate as on base date |
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Exchange rate at time t |
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Specifications of S&P
CNX Defty:
Base date: 03 November 1995
Base S&P CNX Defty Index Value: 1000
S&P CNX Nifty Value as on Base date: 1000
Exchange rate as on base date: 34.65
Adjustment factor as on Base date:1.00 |
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| CNX
Midcap 200 ** |
The medium
capitalised segment of the stock market is being increasingly
perceived as an attractive investment segment with high
growth potential. The primary objective of the CNX MidCap
200 Index is to capture the movement and be a benchmark
of the midcap segment of the market. |
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CNX Midcap 200 represents about 72% of the total market capitalization of the Mid-Cap Universe and about 70% of the total traded value of the Mid-Cap Universe (Mid-Cap Universe is defined as stocks having average six months market capitalization between Rs.75 crores and Rs.750 crores).
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Industry weightages in the
index dynamically reflect industry weightages
in the market |
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Provide investors a broad based benchmark for
comparing portfolio returns vis-à-vis market
returns in the midcap segment. |
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| List of CNX Midcap 200 stocks:
Download
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| Information on this page courtesy www.nseindia.com |